Global Butylated Hydroxytoluene (BHT) Market size is foreseen to grow at a decent CAGR from 2023 to 2032. The positive outlook of the automotive sector is redefining the market dynamics. Butylated hydroxytoluene serves as a lubricant additive, antioxidant, rust, and corrosion inhibitor, antifreeze additive, and others across the automotive industry. It is also used as a fuel stabilizer and added to gasoline and other fuels and helps prevent the oxidation and degradation of fuel components, which can lead to the formation of deposits, varnish, and gum.
By stabilizing the fuel, BHT extends its shelf life and improves its performance, ensuring optimal fuel quality for automotive engines. The product is also used in the coating and paint industry as an antioxidant and stabilizer, owing to its ability to protect paint formulations from degradation and color changes caused by exposure to oxygen, heat, or light. BHT contributes to the long-term stability, appearance, and durability of coatings and paints, ensuring their performance and aesthetic qualities.
In industrial chemical formulations, BHT helps protect chemicals and intermediates from degradation during storage, transportation, and handling. It ensures the stability and integrity of chemical products, preserving their quality and preventing unwanted reactions or changes.
The overall butylated hydroxytoluene market is segmented based on application and region.
With respect to application, butylated hydroxytoluene (BHT) market share from the personal care & cosmetics segment will grow at more than 5.5% CAGR from 2023 to 2032. Butylated hydroxytoluene is used in the personal care and cosmetics sector as a fragrance fixative, preservative booster, skin conditioning agent, sunscreen stabilizer, and others. It also prevents the oxidation and degradation of cosmetic ingredients, oils, and fats, thus, helping extend their shelf life and maintain their quality.
BHT is particularly effective in preventing the rancidity of oils and fats, thereby preserving the stability and sensory properties of cosmetic formulations. This apart, the healthy growth of the personal care & cosmetics sector is contributing to segment expansion.
From the regional perspective, Europe butylated hydroxytoluene market size will be over USD 140 million by 2032. The flourishing food and personal care & cosmetics industry is shaping the regional landscape. A strong presence of major cosmetic manufacturers in countries such as France, Germany, Italy, and Spain has boosted the sales of personal care & cosmetics in the region. Moreover, the region is also home to key market players such as Lanxess AG, Oxiris Chemical SA, and others, focusing on product innovations to extend their global footprint, which will help strengthen the regional market outlook through 2032.